The yuan strengthened this week, but is down about 10 per cent against the US dollar since its March peak. Photo: EPA

Yuan strengthens to one-week high after China’s central bank acts on lending

The People’s Bank of China has restricted some lending activities by banks in Shanghai’s free-trade zone, according to a report, its latest attempt to calm nerves over the currency

Topic |   Yuan

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The yuan strengthened this week, but is down about 10 per cent against the US dollar since its March peak. Photo: EPA
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